Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Optimizing Your Business for Mobile - Not too long ago, your business would be considered tech savvy if your website was easy to read on a smartphone and employees could access their emails on the go.

But, with how quickly the digital world is moving these days, this is just the beginning...

Getting Started CRM - Customer Relationship Management software, usually called CRM, can keep your customers happy and boost your sales. The right one makes it easy to track who is buying from you and where they are in the sales cycle.

Getting Started

Common Succession Planning - Legacy planning, as owners of family businesses know, is essential for the continued success of the business.

However, that doesn’t always mean that owners take the right steps to ensure a seamless

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Kaeser & Blair Promotional Products
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
 
Resource Center > Article
Small Business Confusion about What It Means to Be “Small” Escalates with Obamacare
11 Sep 13 Posted by: Kathleen C Lanza
in In The News
Share this Article:

Owners of work-at-home and other small business opportunities, distributorships, licensee opportunities and even small franchises will more often than not fall under one of two categories—small business or micro-business (usually five employees or less)…or both. And at times, knowing just where you stand and what those terms mean when it comes to everything from paying taxes to qualifying for government contracts can be confusing.

Well, now all the rules and regulations associated with the Affordable Care Act (aka Obamacare) are here to make things even more complicated.

Here's the rundown...

According to the U.S. Small Business Administration (SBA), “a small business concern is one that is “independently owned and operated, is organized for profit, and is not dominant in its field.” Factors that have a bearing on whether or not your work-at-home or other small business meets the criteria of a small business include everything from the industry you are in, size-standard eligibility requirements in accordance with your total number of employees and averaged sales volume over a three-year period, all of which you’ll need to calculate.

20120626-222544

Clear as mud, right? Oh, it gets better.

Where SBA oftentimes uses a ceiling of 500 employees to define a “small business” and even offers government-insured loans to companies with as many as 1,500 workers in some industries where size is somewhat relative, Obamacare is here to change all that yet once again. Welcome to the “new” small where…

• Access to the upcoming online health insurance marketplaces (aka the state and SHOP exchanges) only is available to firms with 100 or fewer employees (or lower if set as such by the states the first two years)

• Businesses with 50 full-time employees (or the full-time equivalent) will be required to provide sufficient health insurance to their workers or incur a penalty

• Tax breaks to help small business owners pay for their employees’ coverage are fully available only if the employer has 10 employees or less and are partially available only if the employer has 25 employees or less.

The result, other than small business owners' escalating confusion about all of this of course?

Unfortunately, there are a number of so-called “small” business owners with anywhere in the range of 30 to 40 employees who, although they would qualify as such by pretty much any other SBA standard, don’t when it comes to Obamacare. In fact, they find themselves in a crazy kind of limbo where they’re just small enough to be exempt from the provisions set forth by the employee mandate, but too large for a tax break.

Unfortunately, love it or hate—and, as we've discussed here in these pages before—there’s no question that the Affordable Care Act’s implementation is going to get messy before it gets better and the bugs get worked out.  This whole size thing and its associated inconsistencies are just one more example of that.

While it almost goes without saying, we'll say it anyway...  Hold on tight. It’s going to be a bumpy ride.

 

Related Blog Posts
6 May 17 Posted by: Kevin James Culp
in In The News

Getting Started CRM - Customer Relationship Management software, usually called CRM, can keep your customers happy and boost your sales. The right one makes it easy to track who is buying from you and where they are in the sales cycle.

Getting Started
15 Sep 16 Posted by: Kevin James Culp
in In The News

Expanding Opportunity Services - It has always been our mission to provide the best customer service possible and have recently added no cost training and coaching sessions for all active advertisers. Now, we are going a step further to address the one major problem faced by opportunity owners–lack...

14 Sep 16 Posted by: Joseph Petrashek
in In The News

Virtual Reality (VR) is a buzzword that has been a focal point in many industry events and news articles in 2016. It has been hailed as the most revolutionary innovation after the Internet.

Virtual Reality - Whenever VR is mentioned, the notion of video games flushes in many peoples’ minds....
29 Jun 15 Posted by: admin
in In The News

CruiseOne® Participates in #GiveThem20 Challenge to Raise Awareness for Military Veteran Employment

Home-based travel...

27 Apr 15 Posted by: Kevin James Culp
in In The News
Even in the age of the Internet, the telephone remains one of your most important business communications tools. Fortunately, there are many options available in the telecommunications market. Finding affordable and feature-rich phone service for your business is simple – if you know where to look. Start...
 
   

Entrepreneur Exchange is our forum where we interview the Influencers, CEO's, Author's, Business Owners Of All Types, Shapes and Sizes.

Entrepreneur Exchange: Today, we sat down with Marc Winkelman, CEO of
Video Spotlight

Become a Dealer For Our Portable Self Loading Forklift! We Want To Talk With You. Call Us Toll-Free for Additional Information at 1-866-924-LIFT (5438) Today!


Premium Sponsor